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Business for sale in Glyfada, Athens, Greece, 700 m² - photo 1
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 2
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 3
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 4
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 5
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 6
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 7
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 8
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 9
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 10
Business for sale in Glyfada, Athens, Greece, 700 m² - photo 11

Business for sale in Glyfada, Athens, Greece, 700 m²

ID: 173671
Price€3,200,000
TypeBusiness
Covered area700 m²
Qualify for Residence Permit
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Environment

Business 700 m² in Athens

There is offered for sale a three-storied building with an area of ​​700 sq.m. In the heart of Glyfada area, in the south of Athens.

On the ground floor there is a restaurant, two small apartments with 1 bedroom  each and two separate bathrooms.

On the second floor: 4 apartments.

On the third floor: 4 apartments.

The building can be altered by a boutique hotel, or a residential house.

From all the apartments and the restaurant there is a beautiful view of the sea. Because of the advantageous location data all the apartments will be always on high demand.

The acquisition of this project can bring the owner a high and stable annual income.

Extra Сosts when Buying Property

TRANSFER TAX
If the Building Licence was issued on or after 01/01/06 and the seller is a developer-contractor 24%
Otherwise 3.09%
OTHER FEES
Land Registry Fees 0.5% (+24% VAT)
Notary fees 1.5% (+24% VAT)

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Ongoing Ownership Costs

Water supply €60-250 p.a.
Heating €0.104 KW/h
Electricity €0.07 KW/h
Gas €140-400 p.a.
Telephone and Internet €180-600 p.a.
Expenditure on common areas €200-400 p.a.
Income tax return from €50 p.a.
SINGLE REAL ESTATE PROPERTY TAX (PRINCIPLE
For buildings €2-13€/m2 p.a.
For plots of land in settlements 3-9€/1000 m2 p.a.
For plots of land outside settlements 1€/1000 m2 p.a.
REAL ESTATE PROPERTY TAX (ADDITIONAL)
Price from 200,000 0.1%
Price from 250,000 0.15%
Price 300,000-400,000 0.3%
And so on

Additional Services Costs

Legal fee 1.5% (+24% VAT)
Real Estate Agent Fee 2% (+24% VAT)

Return on Investment

Property Price
Rental Cost
0%
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